4 ms·
I'm not intimately familiar with what was in the Panama/Pandora/etc. papers, but if I recall correctly it was a lot more "run of the mill" tax evasion, exploiti
by 3D30497420 5y ago
I'm not intimately familiar with what was in the Panama/Pandora/etc. papers, but if I recall correctly it was a lot more "run of the mill" tax evasion, exploiting loop-holes, and the like. In these cases, I'd guess governments weren't always highly incentivized (or were actively disincentivized) to deal with these sorts of actions.
In the present case, where governments are highly incentivized and the sanctions are quite specifically targeted, I'd expect more of an impact. Will it be enough? I suppose we will see.
One challenge I've seen is that it isn't like all these assets are just labeled with the owners' names. As a result, it make take time to actually enforce such sanctions, possibly too much time to have an immediate impact. Perhaps the threat will be enough, but, again, we'll see.